CLPS Incorporation Announces Filing of Registration Statement for Proposed Initial Public Offering of JAJI Global Incorporation

Core Viewpoint - CLPS Incorporation's majority-owned subsidiary, JAJI Global Incorporation, has filed for an initial public offering (IPO) with the SEC, marking a significant milestone for JAJI and its future expansion plans [1][2][4] Company Overview - CLPS Incorporation is a leading global IT consulting and solutions service provider, focusing on sectors such as banking, wealth management, e-commerce, and automotive [8] - The company operates 19 delivery and research & development centers across various geographic locations, including mainland China and several international locations [8] JAJI's Business and IPO Details - JAJI specializes in IT services for the automotive and securities industries, offering advanced technology and a range of proprietary IT products [3] - The IPO aims to provide financial support for JAJI's product development, mergers and acquisitions, global expansion, and operational needs [4] - JAJI currently has a total share capital of 10,000,000 shares, with CLPS holding a 60% stake [4] Market Position and Future Plans - The IPO is expected to enhance JAJI's market competitiveness and support its long-term strategic goals [3][7] - JAJI plans to use the funds raised from the IPO to strengthen its market position and attract top talent [7]